Retail Industry
Industry: Email Alert RSS FeedRichard Crystal to join Lerner's. (Lerner New York Inc.)(Brief Article)
Daily News Record, March, 1996
NEW YORK -- Richard P. Crystal, CEO of Merry-Go-Round and a Macy's veteran, will become president and CEO of the Lerner New York division of Limited Inc. in mid-April.
The $1 billion division, which was founded in 1918 and purchased by the Limited in 1985, continues to search for a clear niche in the w-omen's market and post disappointing figures.
Crystal was with Macy's from 1974 until 1995, last serving as chairman and CEO of the specialty store and product development divisions. In july 1995, he became president and CEO of Merry-Go-Round, and unsuccessfully tried to revive the bankrupt chain. It is currently being liquidated.
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